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Clear Channel, Broken Bow Music Group Enter Into Revenue Sharing Agreement
March 26, 2014 at 6:56 AM (PT)
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CLEAR CHANNEL MEDIA + ENTERTAINMENT and BBR MUSIC GROUP have announced an agreement that will enable its imprints, BROKEN BOW RECORDS and STONEY CREEK RECORDS, and its artists to share in revenue across CLEAR CHANNEL’s broadcast radio and iHEARTRADIO streaming stations.
CLEAR CHANNEL’s newly formed partnership with BROKEN BOW RECORDS follows the company’s landmark revenue-sharing agreement with WARNER MUSIC GROUP, the first wide-ranging strategic alliance between a major music company and CLEAR CHANNEL.
“Radio plays a powerful – and unique – role in breaking Country artists,” said BBR MUSIC GROUP EVP JON LOBA. “CLEAR CHANNEL's commitment to being a leader in exposing fans to the best new music is undeniable. They have taken a very proactive role in growing the format, while strengthening the health of both the radio and records industries. Forming closer ties with a partner who wants to 'grow the pie' for all parties involved, while ensuring that Country fans can access our music on multiple platforms was a logical move for us.”
CLEAR CHANNEL CEO BOB PITTMAN added, “BROKEN BOW RECORDS deserves its reputation for discovering, cultivating and marketing some of the most exciting new artists in Country music. CLEAR CHANNEL is delighted to have the BBR MUSIC GROUP and its artists as partners as we continue to build a sustainable digital music industry that benefits everyone involved – artists, fans, record labels, and broadcasters.”
CLEAR CHANNEL has also reached similar market-based agreements with independent music companies including BIG MACHINE LABEL GROUP, GLASSNOTE ENTERTAINMENT GROUP, EONE, DUALTONE, DASHGO, BLACK RIVER ENTERTAINMENT, RPM ENTERTAINMENT, ROBBINS ENTERTAINMENT, NAXOS, WIND-UP RECORDS, FEARLESS RECORDINGS, ZOJACK WORLD WIDE AND SUBURBAN NOIZE RECORDS, as well as recording artists FLEETWOOD MAC.
BBR MUSIC GROUP’s artist roster includes JASON ALDEAN, RANDY HOUSER, PARMALEE, DUSTIN LYNCH and THOMPSON SQUARE.

